1 Top Cryptocurrency to Buy Before a 15.072% Rise, According to Michael Saylor

You won’t find anyone more optimistic about Bitcoin (CRYPTO: BTC) than Michael Saylor. As the CEO of Bitcoin treasury company MicroStrategy, now known as Strategy, Saylor has somewhat pioneered the idea of taking over a struggling company and using its available cash to buy up large amounts of the world’s biggest cryptocurrencies. The strategy of starting to buy Bitcoin in 2020 has not stopped since. It has paid off and the company’s stocks have soared. The company has also been able to tap into the capital markets to raise debt that can later be used to buy Bitcoin. At the end of last year, Saylor predicted that the price of this token could soar by 15,072% over time and he still seems as optimistic as ever. Let’s take a look. 13 million dollars in 2045? Last November, Saylor appeared on CNBC and reiterated that he believes Bitcoin has the potential to reach 13 million dollars per token by 2045. He believes that this cryptocurrency could provide an annual return of (ARR) of 29% from now until 2045, and according to him, this is not too far-fetched considering it has historically generated an annual ARR of 60%. He expects its ARR to decrease as it becomes less volatile. “Ultimately, I think the right way to think about it is, it will always be a stronger capital asset compared to the conventional S&P index,” Saylor told CNBC at the time. Bitcoin has surged in price since his prediction, reaching a peak of 109,000 dollars in January. The main driver was Donald Trump’s victory in the presidential election in November and the overwhelming win of the Republican Party in Congress. Trump has positioned this party as a supporter of cryptocurrency and has significantly reversed the cautious regulatory approach of President Joe Biden’s administration. Trump has brought crypto-supporting officials into his cabinet and has several crypto-supporting advisors. The Securities and Exchange Commission of the United States (SEC) has dismissed several high-profile lawsuits against major crypto companies. Trump has also issued an executive order directing the establishment of the Strategic Bitcoin Reserve Fund and the Digital Asset Reserve of the United States.

Since the end of February, the market has seen a strong sell-off and cryptocurrencies have also stagnated, with Bitcoin trading at around $85,000 ( as of the 2nd of 4). From this level, the future price target of $13 million represents an increase of over 15,000%. Despite the sell-off, there are no signs that Saylor no longer believes in his price prediction from last year. The strategy continues to pour money into Bitcoin, regardless of the price. Recently, the company purchased $1.9 billion at an average price of just under $87,000 per token. Currently, the company owns over 2% of the circulating supply – or 528,185 bitcoins worth approximately $35.63 billion, with an average cost of $67,458 per bitcoin. Saylor has also not been silent. Recently, he posted on X: “Don’t be stupid. Buy Bitcoin.” Will Bitcoin really rise to that level? When it comes to cryptocurrency, never say never. I think if you had asked someone a decade ago whether $100,000 per Bitcoin was possible, they might have laughed you out of the room, but here we are. That said, I won’t read too much into price targets when thinking about a volatile asset like Bitcoin. Saylor seems to be just doing some basic math and making some key assumptions behind his estimates. That said, I am optimistic about cryptocurrency in the long term. I think the limited supply of 21 million tokens makes a compelling argument that one day it could be viewed as a more common hedge against inflation. It’s not a bad idea to buy some alternative assets for your investment portfolio, like Bitcoin, given the level of market volatility over the past five years. So yes, I hope cryptocurrency will continue to rise higher. However, the path may not be linear, and for specific price targets, your guesses are as good as mine.